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Search Results 0 to 6 of about 7
CNBC
Nov 28, 2012 4:00am EST
last night to protest against the decree by the egyptian president mohamed morsi that grants him sweeping constitutional powers. >> reporter: hundreds of thousands of egyptians have poured into tahrir square and cities all across egypt demanding that president mohamed morsi rescind his decision that granted him sweeping powers. they say it is reminiscent of the mubarak era, sending this country back to dictatorship. for the past five days, police have clashed with protesters, firing tear gas and beating them at times. more importantly, they are demanding that egypt's new constitution is one that reflects the diversity of egypt, not the sole control of the muslim brotherhood. many of the people here are angered by what they say is the attempt by the muslim brotherhood and the president mohamed morsi to take control of the country and ram pole their agenda at the expense of secular forces like those that have gathered behind my. >> neil sheering still with us. investors have gotten quite bullish on egypt. do you think the investment thesis is fundamentally changed? >> i think it's
CNBC
Nov 19, 2012 2:00pm EST
egypt's president mohamed morsi ostensibly to discuss ways to get a cease-fire in the middle east. israeli inner cabinet is meeting as we speak. ayman, what is the latest live? gaza? >> reporter: well, there's a flurry of diplomatic activity all across the region. we understand that israel's top security officials known as the inner cabinet that includes the prime minister, the defense minister and other important figures are going to be convening within the hour to have a meeting to discuss possible offers that have been made by egyptian mediators regarding the truce coming out of gaza and their response to those offers coming out of egypt. more importantly, they're also going to chart what course of action the israeli government will undertake if indeed they reject or accept that truce offer. there are 30,000 soldiers that have been amassed across the border, 75,000 called up from the reservists. many people feel that's an ominous sign a ground invasion is eminent if indeed these truce talks fail. on the egyptian side, the u.n. secretary-general ban ki-moon expected ed ted to ar
CNBC
Nov 23, 2012 1:00pm EST
violence in egypt. after a decree by egyptian president mohamed morsi that put his decisions above legal challenge. protesters accusing him of a coup. all eyes of course on egypt, as well as israel and gaza where the cease-fire is still in place. oil prices also saw additional port on the news out of europe, optimism over greece today. west texas intermediate closing above $88 a barrel, up 1% in this short rned session. brent risie ining as well but slightly less than that. >>> nonetheless, energy prices apparently are about to get lower. our next guest is talking 70s on crude for next year. john, why are you so bearish on oil for next year? >> a couple of things. global economy doesn't look all that great for next year particularly in europe. they have a lot to get together, the greece situation. we're also now -- >> it's going to get worse than it is this year. >> yeah. iea, opec itself all looking for demand declines next year in terms of growth. also, two things that bedevilled the brent market this year, troubles out of the north sea, constantly having problems with production
CNBC
Nov 21, 2012 1:00pm EST
time, 2:00 p.m. eastern time here in the u.s. the deal announced by the egyptian leader, mohamed morsi, and secretary of state hillary clinton. it was later confirmed by israeli president benjamin netanyahu. comes just hours after a bomb blew up on a bus in the heart of tel aviv. dozens were injured. so far no claim of responsibility but hamas called it a blessed event. within the last few hours, israeli air strikes continued in gaza. this is video of secondary explosions when an hamas weapons depot was hit. michelle caruso-cabrera, our chief foreign correspondent is watching reaction at the nyse. michelle? >> that pushed the dow to the highs of the session. the announcement of the cease-fire got us another 25 points. we have come off the highs, 12,839 is where the dow stands right now, higher by more than 50 points, .4%. president obama reportedly just spoke with israel's prime minister benjamin netanyahu. john harwood joins us now. john, what can you tell us? the white house had a lot at stake here by sending hillary clinton to try to get this resolved. >> reporter: absolutely.
CNBC
Nov 21, 2012 12:00pm EST
mohammed morsi announcing a cease fire has been reached. this apparently was egypt's idea and secretary clinton congressmened mohammed morsi on what he has done, the constructive involvement he's had in this process, essentially brokers where they are now. but important to note this is a cease fire. it goes into effect in an hour and 20 minutes, but this is not a comprehensive deal. this doesn't address a lot of palestinian concerns about the blockade or their quality of life or for the israeli's safety and security in the future about these rockets that have been coming out of gaza. >> comes on a day obviously when we were looking at pictures of that bus bombing in h tel aviv. >> exactly. that's incredibly disconcerting for the people of this city. tas scene they've been many times before, but there hasn't been a bus bomb ng israel since 2004 or a terrorist attack since 2006 and seeing that scene on the ground today will be all too familiar for people. the problem is instead of rockets coming in, you're talking about people among us attacking us, it is a very disconcerting pr
CNBC
Nov 26, 2012 4:00am EST
. mohamed morsi is to meet to halt violent protests. here's the latest from cairo. >> for a second straight day, egypt stock market has opened in a downward spiral followed by a decree by are morsi that has plunged the country into political turmoil. on the streets for a fifth straight day, there have been clashes between pro morsi supporters and his opponents. here in the capital, one of the victims is being laid to rest after he was killed by security officials. the anger stems from a decree issued on thursday gives morsi powers that are unchecked. he essentially has the authority to legislate and that is not subject to any type of judicial review pl opponents say it amounts to a dinlg at a time tore ship and this is what they fought against two years ago. but supporters say he must take these drastic measures in order to ram home reforms being blocked that have hijacked egypt's judiciary. ross. >> all right. latest from cry row. meanwhile israeli defense minister barack has resigned, a surprise move ahead of the general election. he is going to stay on until the next administration is in
CNBC
Nov 21, 2012 5:00pm EST
peace in the middle east. >> they have secretary clinton along side egyptian president mohamed morsi announcing a cease fire. >> stocks that keep going down. >> you have to be thankful for shorts that keep on giving. online shopping. >> what is better? shopping in a store or online. one lucky turkey who president obama decided not to eat. >> live from the nasdaq market site i'm melissa lee. as microsoft and others make the big advertising push who will come out on top? penny's in play? the traders separate fact from fiction. guy goes shopping. he is going old school. we get a special report on why going to the mall isn't obsolete. let's get to the top story and that is a market reversal we saw today on the israel hamas cease fire. oil on the rise. why are they rallying and how relevant is peace in the middle east at this point? because trading oil wasn't that decisive. >> it was decisive in the beginning. really when everybody realized it wasn't so much of a cease fire. they shoot bombs. >> celebratory shooting. >> that was good. it is very important because it's not just about
Search Results 0 to 6 of about 7